Seek news on
InfoAnda
powered by
Google
Custom Search

Last text search :
2016 wso 2.5 rw-r
2017 #1 smp wso rw-r

wso-drwxr-xr-x-smp.php-(writeable).php
2017 #1 smp wso rw-r
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php


Friday, 22 June 2012 - At the Salo end of Nokia's deep crisis |
  • Pakistanis angry over detentions in Times Sq. case
    Monday, May 24, 2010
    ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
    They
  • Taiwan denies boycotting Australian film festival
    Thursday, August 6, 2009

    AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
  • Merkel's support dips, regional ally resigns International
    Thursday, September 3, 2009

    By Sarah Marsh and Noah Barkin

    BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
  • Minister seeks closure of anti-Berlusconi websites
    Wednesday, December 16, 2009
    ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
  • Asian markets mixed after Wall Street rally
    Wednesday, March 18, 2009

    By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
  • Islamic rebels behead Philippine teacher: police | 9 November 2009
  • Long-running Las Vegas topless revue to close | 16 January 2009
  • Suspected bomb blast wounds at least 7 in Istanbul | | 26 May 2011
  • Chinese President calls for domestic demand boost: state media | 31 October 2008


    Forum Views () Forum Replies ()

    Read more with google mobile : At the Salo end of Nokia's deep crisis |

      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (1) Follow Reuters Facebook Twitter RSS YouTube Read Euro's big four seek way out of crisis in Rome 1:57am EDT Moody's tilts playing field towards safe haven banks | 12:18pm EDT Twenty dead in Taliban siege of Afghan hotel; NATO blames Haqqanis | 10:13am EDT Storm may be brewing in Gulf of Mexico 21 Jun 2012 Former Murdoch executive Brooks faces British court 6:40am EDT Discussed 166 U.S. deserter in Sweden steps forward after 28 years 129 Joy and anger as Obama relaxes deportation rules 124 Obama campaign requests outside Republican group disclose donors Watched Black Caviar suited up for Royal Ascot success Thu, Jun 21 2012 A Science First: Japanese researchers grow human liver using stem cells Thu, Jun 21 2012 Kabul hotel siege drama 1:22am EDT Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption  Life in Ecuador A look at life in the South American country of Ecuador.  Slideshow  The last Southern barbecues There are only 10 to 15 BBQ pits throughout the American South still using the old-time fire coal pit method.  Slideshow  At the Salo end of Nokia's deep crisis Tweet Share this Email Print Related News Microsoft brings phone software closer to Windows Wed, Jun 20 2012 Analysis: Nokia job cuts may hasten, not stop, death spiral Fri, Jun 15 2012 Nokia cuts 10,000 more jobs as losses deepen Fri, Jun 15 2012 Nokia fights back with cheap touchscreen phones Wed, Jun 6 2012 Nokia hits back at Google in latest patent war tussle Fri, Jun 1 2012 Analysis & Opinion Nokia retains the power to shock Related Topics Tech » Media » United Nations » Nokia CEO Stephen Elop looks on during the company's news conference in Espoo, June 14, 2012. Credit: Reuters/Kimmo Mantyla/Lehtikuva By Eero Vassinen SALO, Finland | Fri Jun 22, 2012 8:37am EDT SALO, Finland (Reuters) - Nokia workers in Salo thought chief executive Stephen Elop signaled that their plant, Europe's last major mobile phone factory, would survive when he visited in February, but last week he announced its closure anyway. This final chapter in Nokia's long goodbye to manufacturing in Finland will claim about 850 jobs, on top of 1,000 announced earlier in the year, and rob the town of 90 percent of its tax revenue. Once the world's dominant mobile phone provider, Nokia has been bested in a smartphone war by Apple and Samsung and other phones running Google software. It is also losing share in the market for more basic phones. Its strategy to reverse its fortunes, abandoning its own Symbian smartphone software in favor of a largely untested alternative from Microsoft, Elop's former employer, has limped from setback to setback. Sales of Nokia's new Windows Phone models, the Lumia series, have been slow to pick up, while the bottom has fallen out of the market for old phones running dead-end Symbian. As recently as this week, Microsoft revealed that a new version of its software won't run on the existing Lumia range, and a Wall Street analyst said the software giant was looking at making its own phones in direct competition with its new partner. Over two years, workers at Nokia have become familiar with bad news, but are still not inured to it. "During my whole time, 15 years and 10 months with Nokia, someone was always saying Nokia will abandon Finland. But it was still a surprise," said Katja Taskinen, who took a buyout offer in an earlier round of cuts this year. Rivals have long been focused in Asia, and analysts had said Nokia should do the same, but the workers believed they had been made an exception. "We were promised continuity," said Anne Malm, head shop steward of the Salo plant, which was set up in the 1970s and often held up as a model for other Nokia factories around the world. "Salo is where it all began. Salo has been the benchmark. If there were troubles at other factories, Salo has been the place from where teams were sent to extinguish those fires." PROMISES, PROMISES Some are hoping for government intervention. "The government promised us that they'll use all the instruments available to help us," said Antti Rantakokko, Salo's mayor. Jukka Roos, a local member of the Social Democratic Party and former lawmaker, said the government should not allow the country's flagship technology company to make such drastic cuts. "The government and unions should react and put pressure on Nokia," he said. "What the hell are they doing?" At its peak, Nokia accounted for around 4 percent of Finnish GDP and supported an eco-system of suppliers and technology start-ups in an economy previously focused on forestry and metalworks. Now it accounts for less than 1 percent, according to analysts. Its problems have had a knock-on effect on Finnish electronics companies, including Elcoteq, which filed for bankruptcy last October after Nokia turned to cheaper Asian suppliers. In Salo, local unemployment is around 11 percent, already above the national average of 8 percent, and the city expects it to spike to around 20 percent once the Nokia jobs go. The government has said it will accelerate an existing program in which it plans around 300 million euros in capital spending and tax breaks for research and development during its term, which ends in 2015. But beyond that, there was little Prime Minister Jyrki Katainen could promise when he visited Salo on Wednesday. He had cancelled a trip to a United Nations conference in Brazil to visit Salo and Oulu, another town affected by Nokia lay-offs. "I completely understand the outcry," he said. "But we also have to keep in mind that Nokia brought us enormous wealth in the past." He rejected suggestions that the state should buy Nokia shares, which have fallen over 50 percent since the start of the year. While the state holds stakes in companies considered crucial to its national interests, including forest and chemical companies, and is a majority shareholder in airline Finnair and energy company Fortum, owning shares doesn't help beat global competition. While Finland is one of a dwindling band of triple-A rated countries in the euro zone, its exports have been declining, with old industries like forestry also struggling to compete with lower-cost rivals. Its current account slipped into the red last year, and the central bank expects the deficit to continue through at least 2014, by which time analysts say Nokia could be short on cash if it continues to burn through reserves at the current rate. While analysts have begun to think the unthinkable, Finns find it hard to contemplate the loss of a company that has become integral to national pride. Harri Niinisto, coincidentally a cousin of Finnish President Sauli Niinisto, also a Salo native, remains hopeful, though he took a redundancy package from Nokia this year and set up his own consulting firm. "At the moment, we can't see what will end up happening," said Niinisto. "Still, I want to keep believing in Nokia." (Writing by Ritsuko Ando; Editing by Will Waterman) Tech Media United Nations Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) scythe wrote:   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

    Other News on Friday, 22 June 2012
    Insight: Children of Mao's wrath vie for power in China |
    Blasts kill eight, wound 50 in Iraqi market: sources |
    Afghan police say 13 killed in Kabul hotel siege |
    Pakistan ruling party replaces PM nominee after arrest warrant |
    Suu Kyi makes history with UK parliament address |
    Assange says ready for life in Ecuador |
    Gays hail Nepal move to liberalize ID cards |
    Somali piracy death toll rises as violence worsens |
    Syrian fighter pilot defects to Jordan, gets asylum |
    Microsoft may be making own phone: analyst |
    Flame can sabotage computers, attack Iran: expert |
    Twitter double outage blamed on bug |
    Most U.S. readers unaware of e-books at libraries: poll |
    China telecom firms may be subsidized: U.S. lawmaker |
    Samsung probes exploding Galaxy phone in Ireland |
    Sony to invest $997 million to boost output of CMOS sensors |
    Analysis: Smart logic: Samsung chips away at Intel lead |
    Google CEO loses voice, skips shareholder meeting |
    Facebook will change ad service to settle lawsuit |
    Travolta sued for libel as gay claims resurface |
    Aaron Sorkin targets journalism in The Newsroom |
    Streisand working on first directing project since '96 |
    Curry tells magazine she worried about Today show performance |
    Bristol Palin trips up with viewers for reality show |
    Feisty female finally gets Pixar spotlight in Brave |
    Breivik trial closes, victims' relatives walk out |
    Pakistan lawmakers elects former minister Ashraf as prime minister |
    Egypt army talks tough as Tahrir protests |
    Ex-IRA man McGuinness, Queen Elizabeth to meet for first time |
    Foiling Qaeda threats starts with intelligence: Napolitano |
    Kosovo's deputy prime minister quits over media law row |
    Israeli air strike kills Gaza militant, breaks truce |
    Russia's Putin: Who does he want to be in new term? |
    Lawsuit over HP ex-CEO Hurd payout dismissed |
    Analysis: Search for rare earth substitutes gathers pace |
    At the Salo end of Nokia's deep crisis |
    Taiwan chip designer Mediatek offers to buy rival Mstar |
    Insight: Look, no hands! Augmented reality gets a grip |
    Greece at new risk of being pushed off euro
    Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
    Female Breasts Are Bigger Than Ever
    AMD Trinity Accelerated Processing Units Now in Volume Production
    The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
    AMD to Start Production of piledriver
    Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
    Islamists Protest Lady Gaga's Concert in Indonesia
    Japan Successfully Broadcasts an 8K Signal Over the Air
    ECB boosts loans to 1 trillion Euro to stop credit crunch
    Egypt : Mohammed Morsi won with 52 percent
    What do you call 100,000 Frenchmen with their hands up
    AMD Launches AMD Embedded R-Series APU Platform
    Fed Should not Ignore Emerging Market Crisis
    Fed casts shadow over India, emerging markets
    Why are Chinese tourists so rude? A few insights

    [InfoAnda] [Home] [This News]



    USD EUR - 1 year graph

    BlogMeter 1.01